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428 | Fees, Frugality, and 401K Fears

ChooseFI

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What's the Tax Deduction Value of $10,000 in a 401k?

The tax deduction value of that is 22% of what you're putting in. So if you put in $10,000 into your 401k, that's in essence getting you $2,200 of reduced tax liability this year. Ginger: "I think it's pretty common to have a misunderstanding about how that actually works"

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